Virtual Galaxy Infotech Limited — Important, 25-08-2025: Disclosure of material issue
25-08-2025 | 09:41 pm
25-08-2025 | 09:41 pm
VGINFOTECH's Promoter Director, Mr. Avinash Shende, has increased his stake in the company. He acquired 9,000 equity shares via open market purchase for approximately ₹0.15 Cr. This transaction raises his total holding from 29.940% to 29.976%.
**The Issue:** A key insider, the Promoter Director, has purchased additional shares in the company from the open market.
**Possible Impact:** This move is often viewed by investors as a strong vote of confidence from the management in VGINFOTECH's future prospects and valuation. It signals a closer alignment of promoter interests with those of public shareholders.
**Company's Response:** The company has duly reported this insider transaction as per regulatory requirements.
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